PT Pertamina (Persero) continues to demonstrate its serious commitment to corporate transformation through its subsidiary restructuring or business streamlining program. By the end of the first semester of 2026, the state-owned oil and gas company successfully streamlined its organizational structure by liquidating, divesting, or merging as many as 31 business entities.
Pertamina's Director of Business Transformation and Sustainability, Agung Wicaksono, stated that this strategic move was taken as a concrete form of support for the directives of the government and Danantara. This downsizing effort aims to sharpen the company's focus on its core business sector, thereby creating a competitive advantage and sustainable added value for the national economy.
The streamlining process targeted not only active entities but also liquidated inactive (dormant) companies, particularly in the upstream oil and gas sector. According to Agung, this step is crucial for simplifying the group structure, accelerating decision-making, and improving corporate governance quality to make it more agile and efficient.
This achievement aligns with the Presidential mandate under Presidential Instruction (Inpres) No. 7 of 2026 on the acceleration of state-owned enterprise (SOE) restructuring programs. The efficiency created by this corporate action is expected to strengthen the national energy supply chain and enhance Pertamina's business resilience amid global economic challenges.
Meanwhile, Vice President of Corporate Communication at Pertamina, Muhammad Baron, emphasized that the entire series of streamlining programs is carried out in strict adherence to Good Corporate Governance principles. He assured that every strategic decision has undergone comprehensive risk management reviews and compliance with applicable regulations to maintain optimal public service continuity.
